real estate

Salary Needed for a Median-Priced Home in 27 Metro Areas

(Jeff Sorg, OnlineEd) – In a recently released survey, reports the various salaries needed to buy a home in 27 metro sites across the country. Here are some of the more interesting findings of the report: A buyer needs to earn a salary of $47,253.07 to afford the median-priced home, Nationally. Yet if they put only 10 percent down

First-time Buyers Fall to Lowest Level in Nearly Three Decades

 (Jeff Sorg, OnlineEd) – The share of first-time buyers fell to its lowest point in nearly three decades, according to an annual survey recently released by the National Association of Realtors® (NAR). The long-term average in this survey, dating back to 1981, shows that four out of 10 purchases are from first-time home buyers. In this

Fewer Home Sales and Slower Price Increases for August 2014

 (Jeff Sorg, OnlineEd) –  The RE/MAX® National Housing Report reveals fewer home sales and slower price increases for August 2014. According to the report, home sales remained below the pace set in 2013, as has been true throughout 2014.  Median Sales Price of all homes sold in the 52 metro areas surveyed this August was $202,500, which is 7.5%

CFPB Goes Hunting for Zombie Foreclosures

(Joseph Mikkelson, OnlineEd) Zombies have been enjoying a renaissance as of late. Ever since George Romero’s 1968 film, “Night of the Living Dead,” zombies have maintained a steady presence in the media. However, one doesn’t have to look far to see that their popularity has risen to new heights in recent years. Zombies are represented

Michael Milken: How Housing Policy Hurts the Middle Class

(MICHAEL MILKEN, Wall Street Journal – March 5, 2014) The American dream traditionally meant that anyone could get ahead based on ability and hard work. But over the past few decades, the United States government created incentives through housing programs and the tax code that changed the dream for many Americans. Middle-class families began to think of

Green Home Building Continues to Climb, Valued at $36 Billion in 2013

(National Association of Home Builders) – February 4, 2014 – McGraw Hill Construction, a part of McGraw Hill Financial (NYSE: MHFI), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas. Green homes comprised 23% of the overall residential construction

Real Estate Office Manager’s Policies and Procedures Manual Template

  (OnlineEd – Portland, OR) – If your real estate office does not have a policy and procedure manual, you might find the template from ARELLO helpful. ARELLO, the Association of Real Estate License Law Officials, has developed a policy and procedures manual guide to help real estate office managers to create their own. The guide, prepared

8 New Mortgage Regulation Deadlines Coming Out of the CFPB

(OnlineEd – Portland, OR) – The Consumer Financial Protection Bureau (“CFPB”) gave 12 months (and sometimes less) from the “issue date” to implement the majority of these new requirements.  Because the CFPB considers the “issue date” as the date of publication on the CFPB’s website – rather than publication in the Federal Register,  your company will have less

Get Compliant – And How to Stay that Way!

Compliance is a hot topic today, as the landscape is constantly shifting and being redefined as the mortgage and real estate industry stabilizes in the wake of the financial crisis. Understanding what these new and changing compliance requirements are can be a headache, but has a few tips that can help you be prepared

4 Oregon Real Estate Education Changes For 2013

(OnlineEd – Portland, OR) -Effective January 1, 2013 the Oregon Real Estate Agency implemented the following changes to real estate broker pre-licensing education, principal broker licensing education, property manager education, and real estate broker advanced practices education: